I would say that I was whipsawed by the recent gold miner events, except that no trading was done on the post-Fed upside nor the downside until yesterday when HUI reached the first support level, where I added to two positions. So, while it was mildly disappointing to see the rise to new highs ... Read more

Ah Spring. Three batters into the season and the Mets blow their first "runner on 3rd, less than 2 outs" situation. But hey, in honor of soon-to-open Citi Field, our old friend, the June 5 reverse-conversion, is trading like crazy again. Over 31K calls and 24K puts have traded. The conve ... Read more

So after seeing the FAZ/FAS combo go from like $110 to $25 in a mere 4.5 month's, Direxion has a better idea for their next batch of leveraged ETF's. The company's previous ETFs have used daily returns to calculate a fund's performance. By contrast, the new ETFs would track monthly prices ... ... Read more

Just to follow up, the odd put volume from yesterday in AAPL, GS, FCX, and AMZN that I mentioned earlier did not translate into much increased open interest.Generally just a bump of 1000-2000 contracts. So I suppose it was trading volume up and back. Rather large I would note. Speaking of larg ... Read more

NNI yield 4.5 Risk units of reward.  Looks like pocket change when it comes to cents but not when you value the risk and reward it’s was a day’s wage in trading. NNI was basing at the High of the Day very nicely.  It came off my scan of stocks basing near their highs. ... Rea ... Read more

Yesterday I had the opportunity to spend ½ hour on the phone with the Michael Sapir, the CEO of ProShares . First, I’ll tell you that you would like him. Professional, intelligent, underspoken and customer-centric. Their products are developed not from what they think the market will wan ... Read more

Why trade a gapping stock at the open? BRKR came across the trading desk as a stock gapping up this moring. Key point of interest was the close of yesterday trading range.  BRKR was gapping premarket and opened up over the entire negative range of yesterday’s trading action.  This ... Read more

Kind of blustery out here today, but snowfall way below the "number" so far. Anyway, Traders's Narrative takes a look at the VIX under performance that seems to occupy everyone's mind's these days. Hat tip Trader Mike and Abnormal Returns. As more and more days go by with the market da ... Read more